Forums

Redemption of debentures

Accountancy

In this interest on debentures is missing right??

2021_03_31_09.23.28.jpg

GOKULA LAKSHMI

GOKULA LAKSHMI

CFA L1

20K+

31-Mar-21 09:25

281

Answers (4)

No, it is 12%


Yagana naga sirisha Kollipaka

Yagana naga sirisha Kollipaka

CA Inter

350

31-Mar-21 10:25

Yagana naga sirisha Kollipaka

No, it is 12%

I'm asking abt ledger (bank a/c) they didn't deduct interest


Thread Starter

GOKULA LAKSHMI

GOKULA LAKSHMI

CFA L1

20K+

31-Mar-21 11:04

They might have assumed it's been paid already since, question says: On 31-3-20X2, balance at bank was â?¹7,50,000 before receipt of interest. You can do either ways, but put a note regarding same.


Sahibdeep Singh

Sahibdeep Singh

CA Inter

14K+

31-Mar-21 11:49

Yes you have to write assumption for that


Sanket Rao

Sanket Rao

CA Inter

470

31-Mar-21 15:55

CFA Webinar
ibs launch
Tally + Excel Free